Adviser-owned wrap service
Edinburgh-based wrap platform specialist Nucleus Financial was founded in 2006 but now has more than £14.3bn in assets under management (as of 30 June 2018).
Nucleus allows financial advisers to give their clients access to all their financial investments, from ISAs to pensions, in one online account. To date, about 800 advice firms are using its technology.
Nucleus was created by a group of seven adviser firms, and the company remains 52%-owned by financial advisers.
'Yellow' weather warnings
Who pays for platforms?
Which stories dominated the headlines?
Tilney scoops two awards
AJ Bell and Embark latest to confirm IPO plans
Helped by platforms
Nucleus again Platform of the Year
Our video series continues
Instrumental in set up of firm
2pm at St Mary Abbots Church, London W8
Was chairman of Nucleus and River & Mercantile
'FCA's finest ever piece of work'
Transact named Platform of the decade on ceremony's 10th anniversary
Problems for platforms
Now accounts for a quarter of investment approaches
Follows FCA due diligence report
Portfolios will invest in a number of collectives
Marketing and Innovation winners revealed
Fees charged by discretionary fund managers to platforms are set to face the same downwards pressure being seen elsewhere in the industry, Nucleus business development director Barry Neilson has predicted.
A "combination of politics and pensions" contributed to slower sales across platforms in the first three months of the year, with the year-on-year (YOY) asset growth rate also receding, according to research.
Retail fund management is "out of control" and should borrow ideas from the institutional sector to radically reorganise, Nucleus chief executive David Ferguson has said.